Crypto PAC Pledges $5M for Barry Moore Senate Run

TheNewsCryptoPubblicato 2026-02-11Pubblicato ultima volta 2026-02-11

Introduzione

A crypto-aligned super PAC, Defend American Jobs, plans to spend $5 million to support Barry Moore’s U.S. Senate campaign. The group, linked to the prominent crypto PAC Fairshake, will run a five-week ad campaign featuring Donald Trump’s endorsement. Fairshake has already spent heavily in the 2024 elections to back pro-crypto candidates. Moore, a House member since 2020, serves on the Agriculture Committee and has supported digital asset innovation. His opponent, Alabama AG Steve Marshall, also holds a supportive crypto rating. With primaries in May, the investment signals crypto policy’s growing role in elections. Super PACs like Fairshake must disclose donors but operate independently from campaigns.

A crypto-aligned super PAC affiliate plans to spend $5 million to support Barry Moore’s U.S. Senate campaign, according to reports. Defend American Jobs, linked to the prominent crypto PAC Fairshake, will launch a five-week advertising campaign featuring former President Donald Trump endorsing Moore. The ads will run on broadcast television and the Fox News Channel, signaling an aggressive push ahead of primary season.

Fairshake has already played a major role in shaping pro-crypto political momentum.The group spent about $130 million in the 2024 elections to support candidates who are friendly toward digital-asset innovation. Industry observers said the newest investment is just the latest signal that crypto policy will be a central campaign issue. Recent reporting on US crypto regulation debates and political crypto funding trends underlines how digital asset companies increasingly join the policy fight.

Super PACs are independent of any candidate. While they solicit money from businesses, associations, and individuals, they cannot directly coordinate with campaigns. However, they finance advertisements and messaging to instruct voters on whether to vote for or against candidates.

Fairshake reportedly described Moore as a leader who will fight for economic growth and help position the United States as a global crypto hub. Moore, first elected to the House in 2020, served on the House Agriculture Committee, which reviewed digital asset legislation last year. He has publicly supported pro-crypto policies and praised efforts to promote innovation in the sector.

Moore’s crypto stance gains attention

Moore has shown an unwavering commitment to promoting blockchain and digital asset growth. Moore mentioned crypto in relation to Alabama’s future during various public speeches. The advocacy group Stand With Crypto has rated Moore as “strongly supportive” based on his voting record and public statements. His Senate opponent, Alabama Attorney General Steve Marshall, also holds a supportive rating.

A recent survey of 500 Republican voters reported that 26% favored Marshall while 17% supported Moore if the election occurred in February. With primaries scheduled for May and the general election set for Nov. 3, campaign financing could influence voter momentum.

Fairshake disclosed in January that it holds $193 million in cash reserves ahead of the midterms. Industry heavyweights such as Coinbase and Ripple Labs back the PAC. Other crypto firms have also funded Trump-aligned political groups in recent cycles.

According to FEC.gov guidelines, super PACs must disclose donors and expenditures, ensuring transparency in political spending. Election timelines and regulatory frameworks are available on Congress.gov, which indicates that legislative proposals on digital asset markets are constantly evolving.

Crypto’s political footprint expands

The increasing financial profile of the crypto sector in the American political scene is attributed to the sector’s efforts to seek regulatory clarity. There are debates regarding bills on the market structure, stablecoins, and consumer protection.

As midterm campaigns accelerate, political advertising tied to crypto policy may increase. The $5 million pledge for Moore underscores how digital asset advocacy now plays a direct role in Senate races.

Highlighted Crypto News:

Bears Circle SKY: Will Momentum Tip Further to the Downside?

Tagscrypto firmscrypto politicsCrypto RegulationsDigital assetsUS Election

Domande pertinenti

QHow much is the crypto-aligned super PAC Defend American Jobs planning to spend to support Barry Moore's Senate campaign?

A$5 million.

QWhich major crypto companies are reported to be backing the Fairshake PAC?

ACoinbase and Ripple Labs.

QWhat is the primary purpose of a super PAC in relation to a political campaign?

ATo finance advertisements and messaging to instruct voters on whether to vote for or against candidates, without directly coordinating with the campaigns.

QOn which committee did Barry Moore serve, which reviewed digital asset legislation?

AThe House Agriculture Committee.

QWhat was the cash reserve held by Fairshake ahead of the midterms, as disclosed in January?

A$193 million.

Letture associate

AI is Killing 'Poor People's Entertainment'

AI Is Eliminating 'Entertainment for the Poor' This article discusses the rising cost of video gaming, arguing that AI is making digital entertainment increasingly expensive. It follows the example of a frugal gamer who, accustomed to waiting for discounts and buying second-hand games, now faces a new reality. Video game consoles like the PS5 Pro and Switch 2 are increasing in price post-launch, breaking the traditional pattern of降价 over time. Game prices are also rising, with major titles like GTA 6 launching at $80. Furthermore, the industry is moving towards eliminating physical media, exemplified by Sony's plan to stop PS disc production by 2028. This shift blocks the二手 market, a key cost-saving avenue for players. Even Valve's anticipated affordable Steam Machine launched with a high price and disappointing specs. Manufacturers cite inflation, supply chain issues, and rising development costs, but a core driver is the AI boom. AI data centers now consume semiconductor and memory resources once prioritized for consumer electronics like game consoles. This competition from a more profitable sector drives up hardware costs. Additionally, developing modern AAA games with massive teams over many years is astronomically expensive, pushing publishers towards digital-only distribution and subscription models to secure recurring revenue. The article suggests this trend extends beyond gaming. Video streaming, music platforms, cloud storage, and AI tools are increasingly locked behind complex subscription tiers. While AI promises future benefits, it is currently making digital entertainment and services more costly. The era of progressively cheaper, accessible online entertainment is ending, forcing consumers to pay more upfront for future technological promises.

marsbit48 min fa

AI is Killing 'Poor People's Entertainment'

marsbit48 min fa

The Demise of the Trillion-HKD ETF Myth: SK Hynix Plummets, Hong Kong Switches from 'Double Leverage' to 'Flexible Leverage', South Korea Restricts Leveraged ETF Investments

South Korea's AI-driven bull market has taken a sharp downturn, severely impacting SK Hynix's stock and prompting regulatory tightening in both Hong Kong and South Korea on single-stock leveraged products. The CSOP SK Hynix Daily Leveraged (2x) ETF, once the world's largest single-stock leveraged ETF with over HKD 130 billion in assets, saw its value plummet by over 80% as SK Hynix shares fell nearly 46% from their June peak, erasing more than HKD 100 billion. In response, Hong Kong's Securities and Futures Commission (SFC) revised its regulatory framework. Starting August 3rd, fixed 2x leverage for single-stock leveraged and inverse products will shift to a dynamic "flexible leverage" mechanism, where daily leverage can vary up to a maximum of 2x. This aims to balance market development with investor protection but has sparked debate about changes to the products' core features and potential reduced appeal for risk-seeking investors. Simultaneously, South Korean authorities announced plans to further restrict single-stock leveraged ETFs following two consecutive days of market circuit breakers. Proposed measures include capping individual investors' allocations to such products at 20% of their total financial investment assets, increasing trading costs, and enhancing suitability requirements. The Finance Minister publicly apologized, acknowledging insufficient initial risk assessment. Analysts note that while the long-term fundamentals for South Korean semiconductor firms like SK Hynix remain solid, short-term market volatility is heightened due to concentrated leveraged bets and shifting global risk sentiment. The regulatory moves in both markets signal a clear shift from encouraging innovation towards prioritizing risk control, reminding investors of the amplified risks inherent in leveraged products.

marsbit53 min fa

The Demise of the Trillion-HKD ETF Myth: SK Hynix Plummets, Hong Kong Switches from 'Double Leverage' to 'Flexible Leverage', South Korea Restricts Leveraged ETF Investments

marsbit53 min fa

After the Privatization of the Internet, Silicon Valley Begins Privatizing Human Civilization

"The Privatization of Human Civilization" The article critiques how AI companies like Anthropic are systematically acquiring and digitizing millions of books—sometimes by destroying physical copies—to build proprietary training datasets for models like Claude. While a lawsuit resulted in a settlement, the author argues the deeper issue transcends copyright: it is about the privatization and centralized control of human knowledge and civilization. This process coincides with a powerful Silicon Valley ideology, exemplified by Marc Andreessen's "Techno-Optimist Manifesto" and movements like e/acc (Effective Accelerationism). This worldview frames technological growth and speed as inherently moral, portraying caution, regulation, and public dissent as obstacles to progress. It often envisions intelligence itself, rather than human well-being, as the ultimate goal, potentially sidelining present human concerns. Figures like Peter Thiel and Curtis Yarvin express skepticism towards democratic processes as too slow, suggesting more centralized, founder-led governance is efficient. This logic extends to AI, where a small team within a company defines the model's "constitution"—its rules, values, and definitions of truth and safety—effectively governing how millions understand the world. Thus, the scanned books symbolize a new form of control. Knowledge isn't erased but is ingested into private, opaque systems. The original, decentralized, and contestable nature of books and public knowledge is replaced by a curated, company-controlled output. The public's access to their own cultural heritage becomes mediated by corporate AI, which remembers civilization only in the form its creators dictate. This is not book-burning but a subtler, potentially more complete privatization of human memory and understanding.

marsbit1 h fa

After the Privatization of the Internet, Silicon Valley Begins Privatizing Human Civilization

marsbit1 h fa

Trading

Spot
活动图片